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Why wasn’t he selling to US Steel? Free markets? I don’t know, just seemed odd.
It's a cult. The cult members will never believe that fearless leader is stealing from them.
This guy would win gold at the mental gymnastics olympics.
“They’re not ‘Trump’s tariffs.’ These aren’t tariffs imposed by the U.S. government,” Adams said. “They’re tariffs China puts on anything coming from the U.S., and when they doubled them overnight, we couldn’t absorb the hit.”
"How dare you fight back! It's all your fault I started this flight!"
Wasn't it Trump's ilk in the 80's who sent all the business TO China in the first place, thus kicking off the imbalance? Reaganomics, and all that bs
the most ironic part is that they are trying shit that looks very similar to reaganomics yet again, expecting to industrialize.
Trump was already talking about tariffs back then. I think against Japan but not China.
Easy, just ship it to all the American refineries that must have sprung up by now thanks to the tariffs.
Of course I realise they haven't, and they wont. It's no wonder because the trade policy this republican administration is enacting is neither thoughtful, now well planned, nor precise, nor trustworthy, nor supported by subsidies or other circumstances that make the establishment of local production likely.
I can't even make myself read all the way through that stupidity.
He's not one of the workers that got laid off. He's going to be fine probably...
Really confused at the business owner saying his company is paying the tariffs. Did they get into a contract with a clause that makes the exporter bear the tariffs+fees to the destination country?? More likely I'm guessing that the buyer just sent a call saying the deal is off or had a strict price limit, but if it's the former case that's some remarkable business sense and foresight 🤦♀️
(I suppose it's also possible that China's tariff policy works a little differently. I'm not an expert on the subject)
If the terms on the contract are DDP (Delivery Duty Paid), which a lot of customers in China request, then the taxes and duties at the point of entry to China are paid by the exporter. You want to use terms DAP (Delivered at Place) and name the port or airport. The importer is then responsible for all local charges, including these sudden tariffs.
Is DAP the same as FOB?
They're similar, but in DAP the risk transfers at the named destination port whereas with FOB risk transfers once loaded at the origin port.
That makes sense, thank you
If only the Orange Armageddon was actually good at business instead of being a metaphorical Bull in a China shop.
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